Sindh Minister for Industries and Commerce, Jam Ikramullah Dharejo, announced that the Sindh government is planning to establish new industrial zones across the province, primarily in Karachi, as part of a new industrialisation policy. The aim is to attract both local and foreign investors and businessmen to boost economic activities throughout the province. He made these remarks while addre
Finance Minister Muhammad Aurangzeb has reiterated the government’s resolve to expand the tax base by aggressively pursuing the untaxed and undertaxed sectors. In a meeting with a delegation of the Pakistan Business Council (PBC) on Tuesday, the minister stated that the government is more determined than ever to broaden the tax base. He also shared the progress on digitalisation and the pla
Despite some improvement in macroeconomic indicators, the economy continues to grapple with structural bottlenecks, while political uncertainties and inconsistent policies exacerbate the situation, said the State Bank of Pakistan (SBP) on Tuesday. In its six-monthly report on ‘The State of Pakistan’s Economy, the central bank said the major issues include limited savings, low investments in phy
Pakistan will privatise all state-owned enterprises, with the exception of strategic entities, Prime Minister Shehbaz Sharif announced on Tuesday, broadening its initial plans to take only loss-making state firms private. The announcement came after PM Shehbaz headed a meeting on the privatisation process of loss-making state enterprises, according to a statement from his office. According t
Pakistan Stock Exchange (PSX) on Monday surged to unprecedented highs with the addition of over 700 points and at one stage crossed the 74,000 psychological barrier over optimism surrounding the outcome of loan talks between Pakistan and the International Monetary Fund (IMF). In the morning, the KSE-100 index endured a lacklustre start when the KSE-100 index touched the intra-day low at 73,109.